Common use of Drawdown Period Clause in Contracts

Drawdown Period. (a) The Drawdown Period under this Contract shall be 1 year, beginning as from December 24, 2008 and ending as of December 23, 2009. (b) The Borrower may make drawdowns during the Drawdown Period only. Upon expiry of the Drawdown Period, the undrawn portion of the Loan Commitment Amount shall be cancelled automatically. (c) The Drawdown Period shall not be extended without the consent of the Lender. Should the Borrower need to extend the Drawdown Period, it shall submit to the Lender a written application therefor 30 days before the expiry of the Drawdown Period. Only upon written consent of the Lender shall the Drawdown Period be extended.

Drawdown Period. (a) The Drawdown Period under this Contract shall be 1 yearmonth, beginning as from December 24January 31, 2008 and ending as of December 23February 29, 20092008. (b) The Borrower may make drawdowns during the Drawdown Period only. Upon expiry of the Drawdown Period, the undrawn portion of the Loan Commitment Amount shall be cancelled automatically. (c) The Drawdown Period shall not be extended without the consent of the Lender. Should the Borrower need to extend the Drawdown Period, it shall submit to the Lender a written application therefor 30 days before the expiry of the Drawdown Period. Only upon written consent of the Lender shall the Drawdown Period be extended.

Drawdown Period. (a) The Drawdown Period under this Contract shall be 1 yearmonth, beginning as from December 24of January 31, 2008 and ending as of December 23February 29, 20092008. (b) The Borrower may make drawdowns during the Drawdown Period only. Upon expiry of the Drawdown Period, the undrawn portion of the Loan Commitment Amount shall be cancelled automatically. (c) The Drawdown Period shall not be extended without the consent of the Lender. Should the Borrower need to extend the Drawdown Period, it shall submit to the Lender a written application therefor 30 days before the expiry of the Drawdown Period. Only upon written consent of the Lender shall the Drawdown Period be extended.